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因美纳（ILMN）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），因美纳净利率更高（28.8% vs 10.1%，领先18.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 5.0%），因美纳自由现金流更多（$267.0M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -0.7%）
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
ILMN vs RHP — 直观对比
营收规模更大
ILMN
是对方的1.6倍
$737.8M
营收增速更快
RHP
高出8.9%
5.0%
净利率更高
ILMN
高出18.7%
10.1%
自由现金流更多
ILMN
多$208.5M
$58.5M
两年增速更快
RHP
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | $334.0M | $74.5M |
| 毛利率 | 65.5% | 41.4% |
| 营业利润率 | 17.4% | 19.4% |
| 净利率 | 28.8% | 10.1% |
| 营收同比 | 5.0% | 13.9% |
| 净利润同比 | 185.5% | 3.0% |
| 每股收益（稀释后） | $2.16 | $1.12 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ILMNRHP
| Q4 25 | $1.2B | $737.8M | ||
| Q3 25 | — | $592.5M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $587.3M | ||
| Q4 24 | $1.1B | $647.6M | ||
| Q3 24 | $1.1B | $550.0M | ||
| Q2 24 | $1.1B | $613.3M | ||
| Q1 24 | $1.1B | $528.3M |
净利润ILMNRHP
| Q4 25 | $334.0M | $74.5M | ||
| Q3 25 | — | $34.9M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | $186.0M | $72.3M | ||
| Q3 24 | $705.0M | $59.0M | ||
| Q2 24 | $-2.0B | $100.8M | ||
| Q1 24 | $-126.0M | $42.8M |
毛利率ILMNRHP
| Q4 25 | 65.5% | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | 65.9% | 40.4% | ||
| Q3 24 | 69.0% | 43.1% | ||
| Q2 24 | 64.8% | 48.4% | ||
| Q1 24 | 62.0% | 41.5% |
营业利润率ILMNRHP
| Q4 25 | 17.4% | 19.4% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | 15.8% | 18.6% | ||
| Q3 24 | 68.6% | 19.3% | ||
| Q2 24 | -147.2% | 27.4% | ||
| Q1 24 | -10.3% | 18.2% |
净利率ILMNRHP
| Q4 25 | 28.8% | 10.1% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | 16.8% | 11.2% | ||
| Q3 24 | 65.3% | 10.7% | ||
| Q2 24 | -178.8% | 16.4% | ||
| Q1 24 | -11.7% | 8.1% |
每股收益（稀释后）ILMNRHP
| Q4 25 | $2.16 | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | $1.16 | $1.12 | ||
| Q3 24 | $4.42 | $0.94 | ||
| Q2 24 | $-12.48 | $1.65 | ||
| Q1 24 | $-0.79 | $0.67 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $750.2M |
| 总资产 | $6.6B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ILMNRHP
| Q4 25 | $1.6B | $471.4M | ||
| Q3 25 | — | $483.3M | ||
| Q2 25 | — | $420.6M | ||
| Q1 25 | — | $413.9M | ||
| Q4 24 | $93.0M | $477.7M | ||
| Q3 24 | $70.0M | $534.9M | ||
| Q2 24 | $74.0M | $498.4M | ||
| Q1 24 | — | $465.3M |
股东权益ILMNRHP
| Q4 25 | $2.7B | $750.2M | ||
| Q3 25 | — | $758.5M | ||
| Q2 25 | — | $800.4M | ||
| Q1 25 | — | $531.5M | ||
| Q4 24 | $2.4B | $549.0M | ||
| Q3 24 | $2.1B | $551.9M | ||
| Q2 24 | $1.4B | $562.6M | ||
| Q1 24 | $5.7B | $529.9M |
总资产ILMNRHP
| Q4 25 | $6.6B | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.1B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $6.3B | $5.2B | ||
| Q3 24 | $6.0B | $5.2B | ||
| Q2 24 | $6.1B | $5.1B | ||
| Q1 24 | $10.0B | $5.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $321.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $267.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 23.0% | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | 0.96× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $935.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ILMNRHP
| Q4 25 | $321.0M | $164.7M | ||
| Q3 25 | — | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $98.2M | ||
| Q4 24 | $364.0M | $166.6M | ||
| Q3 24 | $316.0M | $218.1M | ||
| Q2 24 | $80.0M | $184.3M | ||
| Q1 24 | $77.0M | $7.5M |
自由现金流ILMNRHP
| Q4 25 | $267.0M | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | $335.0M | $76.0M | ||
| Q3 24 | $284.0M | $85.7M | ||
| Q2 24 | $49.0M | $78.8M | ||
| Q1 24 | $41.0M | $-72.0M |
自由现金流率ILMNRHP
| Q4 25 | 23.0% | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | 30.3% | 11.7% | ||
| Q3 24 | 26.3% | 15.6% | ||
| Q2 24 | 4.4% | 12.9% | ||
| Q1 24 | 3.8% | -13.6% |
资本支出强度ILMNRHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | 2.6% | 14.0% | ||
| Q3 24 | 3.0% | 24.1% | ||
| Q2 24 | 2.8% | 17.2% | ||
| Q1 24 | 3.3% | 15.0% |
现金转化率ILMNRHP
| Q4 25 | 0.96× | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 1.96× | 2.30× | ||
| Q3 24 | 0.45× | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | 0.17× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ILMN
| Product revenue | $990.0M | 85% |
| Service and other revenue | $169.0M | 15% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
